Financial SOFA-CFE Exam
Certified Financial iner (Page 3 )

Updated On: 7-Feb-2026

The amount the owner expects to receive when the bond matures is known as:

  1. Maturity value
  2. Ripe value
  3. Par value
  4. Developed value

Answer(s): C



If the price is higher than par, the excess is the ____________; if the price is lower than par, the deficiency is the ____________.

  1. bond surplus and bond deficit
  2. bond schedule and bond reported
  3. bond premium and bond discount
  4. bond capitalization and bond depreciated

Answer(s): C



The amount of the impairment is the difference between the net fair value (appraised) value less estimated costs to sell) of the collateral and the insurer's recorded investment in:

  1. mortgage
  2. fair value
  3. real state
  4. valuation of securities

Answer(s): A



Any real estate which is owned by and more than 50 percent occupied (based on rentable square footage) by an insurer and its' affiliates is considered property occupied by the company.

  1. True
  2. False

Answer(s): A



A market quote or an appraisal is used to determine what of property held for sale?

  1. cash equivalents
  2. annual fair value
  3. property value
  4. current fair value

Answer(s): D






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